Progressive/$PGR

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About Progressive

Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 24 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the US and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

Ticker

$PGR

Primary listing

NYSE

Industry

Insurance

Employees

66,308

ISIN

US7433151039

Progressive Metrics

BasicAdvanced
$153B
17.64
$14.83
0.40
$4.90
0.15%

What the Analysts think about Progressive

Analyst ratings (Buy, Hold, Sell) for Progressive stock.

Bulls say / Bears say

Progressive Corp reported a 10% increase in first-quarter profit, driven by strong demand for auto insurance amid high employment and rising wages. Net premiums written surged by 17% to $22.21 billion, indicating robust growth in customer interest across personal and commercial vehicle insurance lines. (reuters.com)
The company's combined ratio improved slightly to 86%, reflecting profitable underwriting operations. This metric indicates that Progressive earned more in premiums than it paid out in claims, showcasing operational efficiency. (reuters.com)
Analysts have raised Progressive's price target to $280, citing the company's strong financial performance and market position. This suggests confidence in the company's future growth prospects. (investing.com)
Progressive faces potential disruptions from tariffs, which could inflate the cost of auto parts and building materials, leading to higher repair costs. While analysts believe these impacts can be managed through pricing adjustments, they still pose a risk to profitability. (reuters.com)
The company's debt-to-equity ratio stands notably higher than the industry average, reaching 0.32. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage. (markets.businessinsider.com)
Progressive's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 13.43%, the company may face hurdles in effective cost management. (markets.businessinsider.com)
Data summarised monthly by Lightyear AI. Last updated on 22 Jun 2025.

Progressive Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Progressive Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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Jul3
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Jul11
Progressive
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$0.10Per share
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